Current Water Technologies Closes $320,000 Funding Round Successfully

Author: Olivia Taylor Updated: 02-12-2025 12:15 PM

Current Water Technologies Completes Successful Funding Round

Current Water Technologies Inc. (TSX-V: WATR) is excited to announce the closing of its private placement, successfully raising a total of $320,000 CAD. This achievement shines a spotlight on the company’s determination to excel in the water treatment sector.

Details of the Private Placement

The recent private placement, first announced a few days earlier, saw the company issue an impressive 10,666,667 Common Shares at a rate of $0.03 per share. This investment demonstrates the confidence investors have in Current Water Technologies and its future prospects. Additionally, all securities from this offering will observe a standard hold period of four months and one day, aligning with existing securities regulations.

Understanding the Market Strategy

In accordance with the TSX Venture Exchange policies, particularly the minimum price exception within Policy 1.1, this private placement provides an opportunity for the issuance of Listed Shares reflecting the current market conditions, subject to a minimum price of $0.01. This strategic move enables Current Water Technologies to secure necessary funding while conforming to regulatory frameworks.

Company Overview

Current Water Technologies firmly positions itself as a pioneering force in the technology sector, specializing in water treatment. The company’s patented and proprietary Electrochemical Technologies effectively address challenges related to wastewater, desalination, and drinking water contaminated by various elements, including metals and nutrients like nitrate and ammonia. Their innovative approach primarily serves industries associated with mining, metal processing, chemicals, agriculture, municipal services, and waste management.

Division Highlights

The Pumptronics Incorporated division of Current Water Technologies exemplifies their commitment to excellence. As an integrated pump station manufacturer, it focuses on tailored designs and automation, providing solutions that meet specific client needs in the water management arena.

Trading Information

The common shares of Current Water Technologies are traded on Tier II of the TSX Venture Exchange, under the symbol “WATR”. This trading activity illustrates investor interest and the potential for growth within the company’s strategic operations.

Contact Information

For additional insights or inquiries, please reach out:

Dr. Gene S. Shelp, Ph.D., P.Geo.
President and CEO
Tel: (519) 836-6155
Fax: (519) 836-5683
Email: gshelp@currentwatertechnologies.com

Frequently Asked Questions

What is the purpose of the recent private placement?

The private placement aims to raise funds for Current Water Technologies' ongoing projects and expansion in the water treatment industry.

What technologies does Current Water Technologies focus on?

The company specializes in patented electrochemical technologies that treat wastewater and drinking water affected by contaminants.

How many shares were issued in the private placement?

In this recent funding round, a total of 10,666,667 Common Shares were issued.

What regulations govern the private placement?

The offering adheres to TSX Venture Exchange policies, ensuring compliance with securities regulations.

Where can I find more information about Current Water Technologies?

Further details can be obtained by contacting Dr. Gene S. Shelp or visiting their website for comprehensive insights on their technologies and services.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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